- Tara’s brief bio [1:48]
- Tara’s sales stats for 2020 [3:10]
- How to get hundreds of clients with no paid leads [3:50]
- How Tara targeted luxury listings as a new agent [8:50]
- The key to winning new business [10:15]
- How to find other professionals who can help your business [17:40]
- The goal of any appointment [20:37]
- The ‘chosen one’ script [27:20]
- How to reward referrals [37:45]
- Home-buying seminars and business highlights [42:50]
- Ways to get business just by going to the bank [51:20]
- How to break through your goals.
- Plus so much more.
- Grow Your Real Estate Profits with Our Agent Success Toolbox
- Enroll in Pat Hiban’s 6 Weeks to 7 Figures Course
- Take Over $13,000 in Real Estate Courses for Just $97
- Real Estate Resources
- 7L by Michael Maher
- Tara’s Instagram
- Tara’s LinkedIn
- Paul Morris’ Instagram
Paul: Okay. Real Estate Rockstars, I am here today with Tara Carter. Tara,
thanks so much for joining us.
Tara: Well, thanks for having me.
Paul: I met Tara a couple of times, but I had Tara come on our webinar that
we do for our agents and our region, and did it together with Tristan and Lab
Coats. You were so phenomenal that I knew immediately we had to get you out to
the folks that listen to Real Estate Rockstars.
Tara: Well, I’m excited because Real Estate Rockstars is an awesome podcast
so I’m super happy to be here and the Lab Coats Agents with Tristan are amazing
too. It was nice to meet you.
Paul: That’s great. Getting right after it, first of all, tell us about how large is your business? How long have you been in the
business? What area are you in? Just give us a little bit of a background?
Tara: Obviously, my name’s Tara Carter and I am a third-generation realtor.
I’ve only been in the business from now about going on my fifth year and I am
in business with my family as well. They have been in the business for over 30
years and we are a small team. I’ve actually built my own team within the team.
I did 30 million last year and never paid for a lead before, which is pretty
awesome.
Our brand is pretty much situated around Flamingos
which has been very helpful because the great home’s team name. Our team name
in the Fort Lauderdale and South Florida area has been pretty well known for a
while. Of course, I came in and had to shake things up a bit [chuckles] because
that’s what we do best. Just my background, I come from preschool teacher
turned hospitality nightclub manager for high-end venues for 10 years, did all
the marketing and branding through all the biggest parties that there was. Then
I jumped into real estate after landing a $90 million project with no license.
Paul: Wow. Okay. I love that. 10 years ago you were the person we needed to
know to get into the parties that we wanted to get into. Now, so while turning
that into a $30 million business, what’s
your average sell price or how many units are you doing?
Tara: This year we should be on track to do close to 100, if not a little
more. The price range for me has gone up a lot. I started out pretty easy in
the beginning when I switched over to residential. Then I would say– we went
from 356 to a little over 480 right now.
Paul: Wow, and on track to do 100 homes. Looking really at an increase in
your volume.
Tara: And never paying for a lead.
Paul: I love it. We’re definitely going to get onto that. How do you do your business such that you
don’t ever pay for a lead?
Tara: Pre-COVID [chuckles] because pre-COVID to COVID, 60% of my business was
pretty much sphere of influence networking stacks, which I know we can talk
about. Basically, everything from the seven levels book of communication to the
book, Seven Levels of Communication written by Michael J. Maher, who was
my coach when I first got into the business. Now I am a certified referral
trainer for Michael and now get the pleasure of teaching others how to grow a
referral business, which all in reality, it basically works for any business.
It doesn’t have to be real estate by any means. It
literally works for anything. The other 40% was open houses, basically, all the
open houses, as many as you could think of. I would even make them my office
because let’s be honest, who’s coming into your office to talk to you about
real estate, other realtors? [chuckles] They don’t pay my bills so I would
rather work at vacant houses, I would just pop up shop, or I work at a– I have
home-court advantages, which are basically restaurants where I work out of
specifically targeting that database, that clientele, and to make sure everyone
knows my name.
Paul: Nice. Okay. I spent a lot of time working out of a couple of restaurants
too, just because my office is in Beverly Hills. I live in Santa Monica, so I
would pick a spot in between and it was home court. That’s cool. That’s a cool
way of saying it. Now, as we transition into a time where people are going to
be using less and less office space, that’s a very interesting, interactive way
to do it. One of these I got from you the first time, I have an advantage in
this interview, is that you’re very purposeful, you know?
One of the things that you said, it kind of happened
to me just by being nice and having the same waiters. I even went to a
different restaurant. It happened to be owned by the same restaurant group. I
didn’t even know that, and the waiter pops out. He’s like, “Oh, Paul, how
are you? I haven’t seen you in so long,” because the other restaurant had
closed, you know? I was like, “Wow, I’m getting like the heroes treatment
here.” That is a home-court advantage, right?
Tara: Yes, it’s a total home-court advantage because the thing is this, when
you’re in– The networking stack, when you invite others that either– be
they’re strangers. Let’s say you have nobody that you’re inviting to lunch or
to coffee. They just coming, you’re just sitting there and working like, I’ll
literally work out of the bar. Now, you’ll meet people that way. When people
come in and say, “Hey, Paul, how are you?” You ask them maybe,
“Hey, Suzanne, how’s your kids?” People will see that and they’re
like, “Oh, that guy must be a regular.” It’s more powerful when you
actually have people that you are looking to do business with and you are the
connector and you don’t have to establish your credibility. You don’t have to
talk about how amazing you are and people know you, because the rest of the
audience that’s there already does that for you, from the hostess when you walk
in, “Oh, you must be Paul,” because I already described you with the
hostess. “Oh, follow me to meet Tara right this way.”
Then when you sit down, the waitress comes over and
says, “Hey, Tara, would you like your usual?” “Hey Dan, it’s so
great to see you. How’s your wife doing?” Then it’s a banter and
conversation when the busboy walks by, that one’s impressive. The managers or
the chef, and they say, “Hey, Tara, just checking in. Want to see how
everything’s going. Oh, by the way, meet so-and-so, you have to meet
them.” It’s so great because I didn’t have to do any of the credibility,
that people did it for me. Does that make sense?
Paul: Absolutely. Yes. I’m a firm believer in it. I do it. I do it sort of
naturally. I don’t do it as well as I could do it if I did it as perfect.
There’s no question you’re a natural at this. However, being purposeful about
these things is really interesting. Establish a home-court advantage and make
sure you know it’s– you’re talking right out of my own life experience too.
I’m nice to the busboy because-
Tara: They know all the secrets. [chuckles] They know all the secrets and the
tricks. [chuckles]
Paul: It just feels right to me. Then it creates an environment around you.
It got to the point with me, for example, this particular very high-end
restaurant, but if you go two, three times a week, sometimes I’d feel bad. I’d
sit down, I’m like, “Oh, I’m not that hungry.” I wouldn’t really even
eat a meal, but half a meal and I’d be there for so long. I’m like, “Oh,
I’m cutting into the waiter’s income.”
I would make sure I tip– my bill wouldn’t be very
much because sometimes I wouldn’t eat very much, but I would tip as if I ate a
whole meal. I’d be like, “Hey, sorry I feel like I’ve monopolized to the table
here.” I would just give them a tip. They’d be like, “Oh, okay, duly
noted.” You don’t have to say, “And here’s the extra.”
Tara: I’ll be honest. I was broke as hell and to be getting– I was that
struggling realtor. When I learned about this whole networking stacks at your
home-court advantage, I said, “Well, I can’t afford to eat out every day
and be there from lunch and then the dinner shift.” What I would do is eat
a big meal and just go and order an ice tea or something and an appetizer. If
the bill was $8, I’m leaving $20.
Paul: Yes.
Tara: Then they eventually get to know you. If anyone’s like, “I don’t
have a place. Where can I go?” You need to think about the people and the
clientele that you want to attract. If you’re a beer guy and you want to maybe
go to your favorite burger joints or your favorite wings places, for me, I
targeted the high-end venues on one, particularly on the beach in Fort
Lauderdale that I’ve already worked out of, so everybody knew my name. Then
another one on the beach that was a different clientele 25 minutes away. Then
one that was in suburbia and higher-end clientele as well, because that was the
clientele that I wanted.
I wanted to raise my price range. I wanted to make
sure that I was only seen as a luxury agent from the very beginning. That was
pretty much it. I have to tell you, I just did– Everyone’s like, “I can’t
do that.” I did that in the beginning of my career and in my little– this
is my four and a half weeks in Margaritaville. I just know for sure I have
accomplished it here for sure.
Paul: I love it. Tell me what you mean by that.
Tara: When I was home stuck for COVID, and being– I, unfortunately, got
COVID and then I was stuck home even more and being a single female stuck
inside a condo by yourself. When I’m a high I on the DISC Profile and my love
language is physical touch, is not good for your mental health. [chuckles]
Whatsoever. I love people. I can’t do open houses. I can’t do networking
stocks. All of that has been taken away from my repertoire, my little treasure
box of tools, which is essentially 40% of my business, if not probably more.
I decided to go to Margaritaville, which I came here
and visited a friend. It’s in Orlando, but you feel like you’re in Bimini, it’s
really cool the vibe. What I did was I rented a four-bedroom house and I
utilize this opportunity to let everyone come up and experience a little slice
of heaven and a little bit of happiness each time. I literally have a schedule.
I am on my seventh family right now, they actually came back. They were the
third family and they came back again. They get to experience this slice of
heaven and I get to do my networking stacks. These are people that they’re not
close to me, either people I want to do business with or people I’ve done
business with, and they’re bringing their dogs and their kids and it’s just a
free for all.
However, at the pool, because there’s a big pool, I
knew that I needed to make sure everybody at the pool knew my name. I needed to
know the best servers, I needed to know the best bartender and I needed to know
the best magician. The magician, I actually put it on my Instagram story today.
You can go watch it. He literally said at the pool today, “Oh, there’s the
world’s greatest realtor.” [chuckles] I’m like “Ah, this is
great.”
This first week, a week and a half here, my tab was
completely comped, my girlfriend’s lived here for two years and she’s like,
“I’ve never had that happen before.” It’s because you got to take
care of the good people, you have to recognize the good people and you have to
take care of them. Hospitality is the key of any business. It’s the same thing
of how are you treating your customers that they remember you? I got the local
card. I just made this a home-court advantage. I’m doing things, breaking the
rules, and I’m not getting in trouble because they’re like, “Oh, it’s
Tara.”
Paul: Let me ask you, okay, so great. Now, I’ve established a home court,
which I did. I did that. That’s good. I know how to do that. How do I transition from having– or maybe
there’s no transition, you do it together, but I don’t, so I’d like to know,
how do I then let everybody know I’m a realtor, I’m looking for potential
business? How do I make that shift? Home-court advantage, I’ve got it. What do
I do? What am I missing?
Tara: One of two ways. One, first, if you’re working independently and you
don’t have any meetings, you would be sitting at the bar. Basically, you always
want to sit at the bar in between the hours of 2:00 and 4:00 because that’s
when the transition shift, and you would wear a name badge. I have a sticker on
the back of my computer that says, “Have questions about real estate? Let’s
talk.” And it has flamingos all over it.
Typically, always have a name badge. You can tell
based on my conversations on the phone and I’m usually the only one working
during happy hour, that I’m working, so naturally, people come over and they’re
like, “What do you do? You must be a realtor.” I’m like, “What’s
up?” That usually leads into, “Well, can you look and see how much my
house is?” That’s one way to think that presence speaks for itself.
I still do my negotiations, I still do anything I need
to do and I have my little setup. You never want to have your back to the front
door either, because you want to make sure you see everybody that’s going in,
coming in and out. If you want to do networking stacks, what you do is you
invite people that you want to do business with. For example, let’s say that
you invite an attorney. Let’s go brand new in the business, you invite a lender
and you want to do business with an attorney, and maybe you want to add an
agent to your downline.
I’m going to book a lunch appointment from 12:00 to
1:00 and I’m going to book probably maybe with the attorney. Book the 12:00 to
1:00 with the attorney, the 1:00 to 1:30 coffee with the lender, and a 1:30 to
two o’clock with the agent. What’s going to happen is when I sit down at the twelve
o’clock lunch and he comes in because the hostess greeted him and told him to
come to my table, is I’m going let him know, “Hey, I’m letting you know, I
do have a one o’clock. I’m really excited to talk with you.”
We get done at one o’clock, the hostess already knows
the person’s name for my one o’clock because I already told him I have brought
with a piece of paper. They come to the table and then what’s really great is,
and this is a little– it’s all in the book, I swear. When the lender comes up
for my 1:30, and I don’t even drink coffee, so I just drink tea or just for
dessert. I make sure because now the guy knows, “Oh, you have a one
o’clock.” so he’s watching the time.
When the one o’clock comes, I introduced the lender to
the attorney because I want to make sure that they connect. Then I always
excuse myself to the restroom, whether I need to go or not. It’s just a little
tactic. By doing that, when I leave to the restroom, what do you think they
talk about?
Paul: They talk about business and they talk
about you?
Tara: “How do you know Tara?” “Oh, I live an hour from here.
Isn’t she great?” Another credibility. Ding-ding, checkmark, and then I do
the exact same thing for the second person because now, do lenders need
attorneys? Yes. Do lenders need agents to work with? I have the third person
that’s an agent that I want to introduce the agent to the lender, the lender to
the agent. I am always seen as the connector. People love a connector.
[chuckles] They always want to come to you and ask you– solve all your
problems.
Paul: That’s awesome. Let me ask you, to be more basic, so I want to have an
attorney but I’m a new agent. How do I
get an attorney? I mean, how do I get an appointment with an attorney?
Tara: I love the power of Facebook. For example, your status should be this
at least once a week. I’m looking for a great divorce attorney, or for down
here definitely divorce attorneys. [chuckles] I’m looking for a great real
estate attorney, who do you know that I should know? I guarantee you you’re
going to get a few tags of people that you should probably know. What you do is
you call and introduce yourself. It’s not a cold call because you already have
an in. “Hey, so and so, I was looking for the best attorney in town and
they said that you’re the person and they referred me to you. I wanted to learn
more about your business. Are you available for coffee next Tuesday at two
o’clock or is Thursday at three o’clock better?”
Paul: People love that, when you say, “I was looking for the best and
then they referred you.” It’s such a good way to get an appointment
because they’re just going to be predisposed to do that. You said divorce
attorney which I agree with wholeheartedly. I would throw in there trusts and
estates lawyer. People that handle wills and estates. Then real estate lawyer,
I just wonder if I would do that because I wonder will they already have so
many connections?
Tara: Although, there’s nothing like my relationship with my real estate
attorney because when I call him at ten o’clock at night, he answers the phone
[laughs] like, “That’s a good question.” Having those guys in your
back pocket are great, but I don’t necessarily see me getting– I don’t really
get referrals from them.
Paul: Right. Okay. One of the things that– You talk about stacks, I had it
halfway written down, we’ll put it up in the notes for sure. Tell me the name
of the book again.
Tara: Seven Levels of Communication.
Paul: Okay, and author?
Tara: Michael Maher.
Paul: Okay. You mentioned your Instagram. Tell us your Instagram. Again,
we’ll post this stuff.
Tara: Yes, that’s good. It’s mstaracarter, @mstaracarter. M-S, I’m not
married so mstaracarter. [chuckles]
Paul: Okay.
Tara: The one more thing I was going to say is when you ask how do you find
those attorneys if you’re a brand new agent besides posting on Facebook? The
best thing is if you think about the most successful people that you know, and
you call them and you just say, “Hey, you know I look up to you as a very
successful individual. I wanted to know if you had a referral for somebody that
you know that’s a great trust attorney.” Because if they’re already
successful, then the people they work with are probably outstanding. Then you
already have an end from that person to be able to call and introduce yourself
to that person and asking them, “Would you mind doing a quick introduction
via email or text?”
Paul: What are you doing during that meeting?
Fine, I got the trust lawyer to come have coffee with me, now what am I going
to do?
Tara: Talking about them. People love to talk about themselves. You shut up
about yourself. Nobody wants to hear about you. It’s just so the person who
talks the most dominates the conversation and the person who asks the most
questions, controls the conversation. Do you want to dominate that appointment
or do you want to control that appointment? I like control. [chuckles] It
really comes down to asking them. You never want to run out of questions.
Stick to the four, family, occupation, recreation,
dreams, or a F.R.O.G and occupation and goals. It’s basically the same thing.
You’re asking them about them. The goal is though, is you want to find a
homework assignment. You need to find something that they are currently
struggling with. You need to find something that you can take away from the
meeting. That is your homework assignment, that you can now use that as a
follow-up.
Paul: I will tell you, this was my big takeaway. When we talked last time, is
going into again, remarkable, I love how high I you are. You’re obviously an
easy connector and that sort of thing, but there’s such purposefulness behind
what you do. This is a massive takeaway. What Tara said is when she meets with
somebody, and let’s be clear, Tara wants something from them. She wants them to
see her as a great realtor, as a great landing place for their referrals.
Tara: And that they can trust me. [crosstalk]
Paul: What she’s looking for is an assignment. When she’s meeting with the
trusts and estates lawyer, she’s like the whole time as I remember you telling
me, what’s the assignment I’m going to
get? What’s the assignment I’m going to get? Explain to me what that is, then
what’s an example of it. What will that look like?
Tara: You can go about it in a few ways. One before– you don’t just jump in
and be like, what’s your biggest problem in life? [laughs] We don’t do that.
You dig down deeply. You ask them. When you ask people how are you too,
especially during this whole new normal, they usually give you a fake front
answer. Asking them again, no, really, how are you? How has this affected you
or how is your business? That would be a conversation now, but if it’s just in
general, you ask them, you stick to that. It doesn’t have to be an order, but
asking them about themselves and their business. When you ask somebody about
their business, you say, “How is business?” Nine out of 10 times,
they’re going to reciprocate that as well and ask you how’s business.
However, when you dig down deep for how is their
business, if they say, “Oh, everything’s great.” Okay, great. What
would make it better? What would make it awesome? Would you say you’re like a
10 plus in every aspect of your life, especially business? What would they do
to make it better for you? Oh, I’m really looking for a– I just can’t find a
great receptionist. It’s just driving me nuts. I can’t find anybody great.
What does a great receptionist look like to you? Ask
questions, all your questions, turn into another question. If you don’t know
what to say, you just repeat it back and then spit it back out. If I find out
exactly what a good receptionist and I have a pen and paper, because I want
them to know that I’m listening, so I am taking notes. I even have a pen and
paper here because I knew you were probably going to drop something on me that
I wanted to write down.
When you were taking that, you’re like, “Okay,
great. Do you mind if I put this out to my database and ask people?” I
just want a homework assignment. I just found a homework, like a problem. You
can even ask them straight up, “Hey, what’s your biggest opportunity in
your business currently right now? What’s your biggest room for improvement
that you have currently in your business life, family life, it depends on what
your level of intimacy is with them?
Paul: Then that’s your homework assignment. You’re actually, in that
instance, it’s a tall order. That’s a tall order for example, but in that
instance, you’re actually going to make some efforts to find an assistant for
them.
Tara: Even if you put it out, let’s say you don’t even have a big database.
You’re like, “I don’t know any good assistant.” Let’s say you just
posted on Facebook a few times. You sent out some emails and you did your best,
your follow-up call now with that person is so easy because you can say,
“Listen, I put some fillers out there. I really haven’t had too much
engagement. However, I just wanted to let that I am still looking. Have you
found anybody yet?” If the answer is no, they haven’t, but you tried, do
you think that that person’s going to be receptive and appreciative that you
even gave a shit? Excuse my French. [chuckles]
Paul: It’s the internet, I think we can
Tara: They’re going to know that you care. People want to do business because
they know, like, and trust you. You now came to them with sincerity. When you
help them solve a problem, this is the catch. This is why you have the homework
assignment. When you help somebody solve a problem. I never asked for business
once during this conversation, during the lunch meeting, during the follow-up,
I never asked for business. You know that you had a great appointment and you
did your job when they say to you, after you’ve solved the problem or you
didn’t solve the problem. The fact is you actually tried to solve the problem.
When you follow up with them or at the meeting and you
try to help them and connect them. Sometimes right away, I’ll just pull out my
phone and I’ll start connecting people like, “Hey, do you mind if I try
right now?” If they say, “Wow, you’re just so awesome. What can I do
for you?” Then you know you did your job. [chuckles]
Paul: Let me ask you and maybe it just doesn’t– maybe you set it up so well
that it doesn’t happen that often, what happens if I’m the lawyer and when
you’re establishing these relationships, there have to be some people that are
just take, take, take.
Tara: Always.
Paul: Now you’ve worked your tail off. You’ve got, “Oh, Tara what a
fabulous– I hired your person. They’re phenomenal. Thank you so much. I can’t
wait to have lunch with you again so I can give you my next problem.”
Tara: [chuckles] I’ve had that happen before. Those people are typically
going to get. If I didn’t already do this in the beginning, you need to know where
you need to spend your energy at because you can’t put all your eggs in one
basket, you need to divide your energy up. I track the referrals that I’ve been
given from who it’s coming from and who I give them to. I understand if I see
at the end of the year or the end of a quarter, that I see that Joe, my
electrician has received 20 referrals and I’ve received zero from him. Then
that’s probably my fault because I haven’t asked enough times.
When it comes to somebody like a lawyer who says,
“Thanks so much. When can we go to lunch again so you can help me solve
some more problems?” Then it’s probably going to say, “I want to go
for a cup of coffee or for lunch or happy hour or whatever it is,” or I
can have a conversation and say it’s the chosen one conversation, conversation
one script. It says, when you– Joe, let me ask you, when you, your family
member, coworker, or spouse have a real estate need, who do you refer that
business to?
Paul: The chosen one script, here it is.
Tara: When you, your family member, neighbor, coworker have a real estate
need, who do you refer that business to? Sometimes it is, “Oh, well, I’ll
send it to you.” I’m like, “Okay, great.” “I have a big
goal this year and I’m looking to accomplish 100 units for the year. I wanted
to know if you’d be willing to send me at least two referrals in the next three
months.” You have to be very specific. However, I don’t get that one so
often. Down here, I have 63,000 realtors in my area, which I’m sure you do too.
Everybody is a realtor. I usually get, “Oh, we have somebody that’s worked
with our family for a while.” I say, “Okay, great. Do you work with
them because they work with your family or do you really have a great
relationship with them?”
Usually, when I dig down deep, because you ask
questions, I find that the person is like part-time and a bartender or
part-time and just– is happened to get laid into the family. I’ve learned that
they don’t really like them. The next conversation is, “Would you be
willing to give me a shot and see how I do business?” Then that’s usually
my end. If they say that they’re completely loyal to somebody, “Oh, I have
the most amazing realtor.” Listen, there’s enough money to go around. I
ain’t mad about it, but I’m not going to spend no more energy.
Once I ask the next question, if they say that they
have a phenomenal realtor, they love their realtor, then that’s amazing, kudos.
It is hard to find a great realtor. Let me ask you, would you be willing to
send me a referral the next 90 days to see how I do business differently? Now
I’m not asking you for all your business. I’m just asking you to see how I do
business differently and wanted to know would you be willing to refer me
business to see how I work.
Paul: There’s probably a few different scenarios, one is I say yes and I do
it. One is I say yes because I don’t want to be in an uncomfortable
conversation and I don’t do it. Then the other one which is probably less likely
to happen is I go, “You know what? It’s my third cousin’s niece and I just
don’t want to rock the family boat.”
Tara: I’ve had that happen.
Paul: enough and you’re phenomenal at this and part of doing it is not
worrying about the negative but just doing it. You do it enough, you’re going
to get that.
Tara: Oh, yes for sure and I’m not going to lie, being totally transparent, I
still get that little tingling feeling in my stomach when I know I’m getting
ready to ask. I think it’s just that human instincts of a fear of rejection
because they could say that, they could say that they have somebody and they’re
totaly loyal, and they’re never going to use you. I’ve come to terms with that,
that’s okay because there’s enough business to go around.
However what happens is I grade my database, so if
that is the case, they get a D for delete or just drip, “You’re going on a
drip campaign homie, I am not paying any more attention to you. I am not
putting any more energy into you. You can follow me on Facebook and that’s
about it.”
Paul: That’s what I mean about being very purposeful.
Tara: If they were a– Remember when you were asking me and you were like,
“Well, what about a CPA?” One was my CPA but they were competition to
me so I let them go and found somebody else who did answer the chosen one
script better.
Paul: What Tara is referring to is in the last interview that I did with her,
Tara is so nice and she’s so kind and she’s really coming from contributions
truly. She really wants to help the person when she’s asking them that question
of “What’s the one thing that is
really a difficult spot in your business?” Are you okay with that script?
Tara: Yes. You can change it any way you want for the most part- [crosstalk]
Paul: I still wanted to grade them open to a B- or C or whatever if I can
improve it so we do it live. Tara is really coming from contribution and
saying, “Hey,” learning more about their business. What’s the one
thing that you really struggle with in your business right now? What’s an area
that could be better? I know that Tara comes from contribution when she asked
that question and then the follow-up for her is natural for her to do. That I
can see from the interview, from interviewing you. The thing I wanted to get
behind that on was what happens if you don’t get it. I use the CPA example
because everyone has different vendors that they use.
What if I have a CPA that’s phenomenal with my books,
I’ve been using them for 15 years, they do a good job, they’ve just never sent
me a referral? I was talking to Tara, how hardcore are you on this? She’s like,
“Wow, funny you mention that because-“
Tara: I was sitting in my CPA’s house. [chuckles] The one I fired.
Paul: There you go. I forget what Pro Athlete it was. I was watching a documentary
but just a standout athlete at the top of the world. It asked the question
about who’s on your team or whatever? He just said, “Look, it’s not
personal everybody has to be rowing the boat in the same direction.” They
got to be rowing the boat in the direction for me. Just doing a great job on
your taxes, that’s great, that’s a baseline but you want to establish your
referral network of people that are really helping enhance your business. You
know what? Here’s the truth, you can find another person that does a great job
on your taxes who will also refer you at least one piece of business. Let’s
make that happen.
Tara: Absolutely. I think that the expectations can’t be like well, you know
I’m a realtor so you should refer me business. That’s not how it works. Don’t
even ask one time like if I have the chosen one conversation with them and they
said that they would give me the opportunity in the next 90 days to at least
work refer somebody that they come across and see how I do business and they don’t,
I’m not going to be upset if I didn’t ask once or twice maybe three times
within that 90 days as a follow-up or give them an item of value as a follow-up
from our conversation.
Because there’s something in that conversation that
not only was a homework problem for me to help solve for them, there was also
something in that conversation where I was taking as a follow-up for an item of
value either to use then or to use later. For example, I know when we were
speaking, I told you about the one, he said that I asked him for the goals was
what are some goals that you have? His was, “Well, I’m looking to travel,
me my friends, to take my friends to all the baseball stadiums around the
United States.” My item of value later on as a follow-up was a book of the
history of all the baseball stadiums around the United States from Amazon that
was like $24. I sent it with a little gift wrap directly to his store. That was
an item of value.
Paul: Super personalized and what if anything do
you do when they send you a referral? Do you reward that behavior?
Tara: Always. I chuck it in my CRM and I also have a board in my office/now
dining room. The board is– literally, I have a tally mark and I take it down
every month. I have a tally mark of who gave me a referral tally, and then who
did I give referrals to. When I’m on– first it was Zoom, the people who were
coming into the office too, and they were like, “Wow, how do I get up on
that board?” I’m like, “Well, you can send me a piece of
business.”
In my CRM, it goes the same way, so I’m able to go
back and see and track it. If you don’t track it, you’re never going to know.
By rewarding the person who gave you the referral, I just use AMcards for the
brownie box and the card.
AMcards.com is an automated service to where you can
use a card. I think I pay like $2 a card and then I add on a box of brownies,
which they’re really delicious and they come super pretty packed. I have my own
branding on the card, as Flamingos and a picture of my mom and the areas that
we serve and whatnot.
Paul: I love it. I love it, okay.
Tara: That takes two seconds to send, the templates already made. You just
hit brownies and hit the address and the name and call it in.
Paul: Do you do that for every referral? Do you
do a special? Do you let people know who’s referring more? Do you have an inner
circle club or anything like that?
Tara: I have to say that a lot of that stuff has gotten so fan clubby. I was
that one that would always, always announce and ta-da-da-da but I started to
notice some agents that were purposely going after my referral client, my
partners that I was praising. I do, not as much however more was through social
media because the more successful you get, the more haters you get. If you
don’t have at least 10 haters, then go get 10 haters. If you have 10, then go
get 10 more. I’m good with that. Right now, I’m like, “You know what? My
hater count has gone down a little bit because I did it in Margaritaville. I
need to come up and ban some stuff up again.” [chuckles]
Because that circle got so tight, I got really good
about Facebook list and now all realtors, local realtors, especially, are in a
Facebook list so the majority of my Facebook post I blocked them all out of it.
Paul: Oh, okay. All right. Interesting.
Tara: If you can get all your realtors into it a Facebook list, you can block
them out of everything. [chuckles]
Paul: Tricks of the trade. Okay, all right, fair enough. You don’t want them
to see if you don’t want people to see.
Tara: No. When I post my client events or ideas of fun stuff, I block them
out of all that stuff.
Paul: That’s interesting and I appreciate you sharing those tips here.
Mainly, we have a national audience. I really appreciate your contribution for
sure. Another thing is probably, do you get outside referrals from agents?
People have people coming to Fort Lauderdale and now Orlando too is that
Tara: Yes, I can pretty much sell anywhere but, yes, from Margaritaville in
Orlando but mostly just South Florida and Fort Lauderdale. I don’t know, I’m
not an expert here by any means but I will sell new construction in
Margaritaville.
Paul: I love it.
Tara: I will say that the other power of the list on Facebook, not just– I
just tought about, it is the out-of-area realtors are also in their own list. I
will post specifically just to those people. Because let’s be honest, people
don’t always care that I’m getting referrals and most people that are not
realtors, they just look at us like because we just post, another closing, just
listed, under contract, ta-da-da-da-da. They just think it’s an established
lifestyle and they have no idea what goes on behind the scenes.
I will post thank you and congratulations to the
Facebook list that I have that is out-of-area realtors, but understand that
nobody knows that they’re on a list. It’s not a private Facebook group or
anything. It’s just a targeted way of targeting your audience, your friends’
list.
Paul: I love it. I’m looking to see what your-
Tara: On your desktop– actually, if you give me a share screen I can show
you. On your desktop, you can only access it at first from the desktop, but you
can actually access the Facebook list, you can make your own. I have a whole
bunch of lists. This is not a millennial thing because my mom is 63, sorry,
mom, I just said your age. She’s 63 and she does this herself. She does it at a
higher level than I do. She even has a list that says “Don’t Know”
for the people that doesn’t know. Every week she goes through and tries to take
10 people off the Don’t Know list to put them into another list.
Paul: Wow, okay that’s cool A couple of questions specific and that is what
if anything are you doing differently during COVID because as you said before,
open houses were a huge thing for you and now not so much. What’s changed in
order for you to keep your business thriving during COVID?
Tara: Besides taking a six-week staycation and inviting families as
networking stacks, got my new home-court advantage. I would the home buyer
seminars. The first-time home buyer seminars have been pretty successful and
the seller seminars. Those two have picked up a bit. I personally have not felt
comfortable to do open houses yet except for the luxury market because I get a
little bit of a different clientele there. I can’t even keep anything on the
market to do an open house [chuckles]. I would say just the seminars really
have been the biggest pivot.
Paul: Are you doing the seminars, are you doing
them via Zoom?
Tara: Yes, Zoom and the interviews. We started interviewing small business
owners and that was pretty awesome. Even in the beginning, I interviewed the
spa owner of the biggest spa in town. She did a live tutorial on how to take
off the girl’s nails because everybody is freaking out about that. [laughs]. I
even did a men’s beard trim. We interviewed the local barbershop owner who is a
big guy in the charity. He does a lot of charity work. We did a live beard
trimming online on Zoom, on Facebook Live. He had to trim up my partner’s beard
and we talked about him and his overcoming addiction and reached out to that
community. I think it’s just really tapping into the locals in your community
and checking in on them and then the buyer seminars or seller.
Paul: You’re doing the local business interviews, are you doing that on Facebook, Facebook Live? How are you promoting
it?
Tara: That’s promoted via the Nextdoor app. If the people in your team are
friends, they can promote it because they live in different neighborhoods.
Facebook for the neighborhoods as well for the community pages Then personal
Facebooks, because think about it, if you have a reach and you’re reaching out
to somebody and they have a bigger audience than you, then you just doubled
your audience by promoting them and giving them their own marketing material as
well.
Paul: Right, it’s a great tip. If for example, it’s a great tip even for as
we look at Real Estate Rockstars. If I wanted tons of views which of course we
do, a great way to do that would be interview people and have a massive social
media presence. I focused on that a little bit but it’s certainly something and
then as the realtors that we’re talking to right now, to put that into
perspective. If you’re looking to do a neighborhood shop owners interview, you
could look at 20, 30 shop owners. Check
to see who has the massive Instagram or the massive Facebook or Twitter
following and do it for them, right?
Tara: Yes, in double, and now I just thought of my homework assignment for
you.
Paul: Oh, you did? Okay, good.
Tara: I’m going to do some intros to follow-up from this.
Paul: Oh, good I love it.
Tara: You see how you just gave me a problem? It’s not a problem but problem
is not the right word. I don’t know what the right word is. You just gave me
something that would help you in your business. The light bulb just went off in
my head. I was like, “Oh okay, Rachel, Andrew.” These are the three
people that I have to introduce him to because their social media is ten times
bigger than mine.
Paul: Oh, I love it. Let me ask you the question that you ask your vendors. That’s what’s one thing in your business
that could be working better? What’s a pain point? What’s one problem that
could be solved?
Tara: Make COVID go away [laughs]. Honestly, that would probably be the
biggest and that’s unrealistic at the moment because I just miss the energy. I
feed off the energy in the office. I’m usually the energy in the office where
just teaching and speaking and traveling. I love that and I just not able to do
that. That hurts my soul a little bit. That’s the struggle. If anything, I
would say more opportunities to each and speak and maybe help. If I can just
help one person a day, my day is good.
Paul: Okay. I was getting ready until Tara finally moved it around, I was
getting ready to ask the question again because I didn’t get an answer that. I
was just getting ready to ask it again but before I did and demo that. We’re
doing this live but since in the end I did get a homework assignment and that
is a way for you to speak to a larger audience. A way for you to communicate
value to people. Now think about that and get back to Tara. Say, “Hey,
Tara, thanks so much for being on Real Estate Rockstars.” I’ve been thinking
about your issue.”
I might even pivot that a little bit honestly and say,
“What are the things that I’ve been doing that have been keeping me sane
during COVID?” I just came back from doing cryotherapy. I just read a
study on cryotherapy and how it does a lot of different things including mood
elevation and that sort of thing. Now I could send Tara an article and say,
“Hey, I’ve been thinking about what you said and I’ve been doing
cryotherapy. I just did 11 out of the 12 past days. Here’s an article on
that.” I might even look and see if there’s one near Margaritaville.
Now it’s just a couple of minutes to do that and find
out maybe they have a promotional deal where they already give the first one
free, or maybe you could buy as a gift the first one free or whatever. This is
the multiple steps that Tara does so purposefully that really– I do some of
this stuff just naturally but I know that when doing it with a purpose, it’s so
much more effective that– I was inspired by Tara and looking at all the
different things that I do naturally. I want to create more– I intend and will
create more purposeful action around-
Tara: Oh, you just caught yourself there, I love that.
Paul: Yes. One of the example I gave before is just that my doctor, my
internist, he’s wonderful by the way. I haven’t asked him for any real estate
referrals but I’m going to.
Tara: First send him a gift first. [laughs]
Paul: What I wanted to tell you was that when I go for a checkup, just an
annual checkup, I always send him a card and a bottle of wine. I’ve asked him,
“What kind of wine do you like?” He’s like, “You know I’m not
really a wine drinker but I do like wine but you’d be wasting money if you send
me a fancy bottle da-da-da-da-da. I just send a really nice bottle of wine for
like $20 or whatever, card and bottle of wine every time I have just a routine
checkup.
Then I ask him, “How many of your patients out of
your thousand patients do something like this?” His answer was, “You
know I get the gift card or I get the note if I save someone’s life.” The
family’s like, “Oh, wow you saved our life. Here is the bottle of wine or
whatever.” He said, “You’re the only one who does that.” People
love that. It’s so easy. Don’t we want– It’s just an example, it’s outside of
the realm of what we’re talking about maybe, but don’t we really want our
doctor to have us on the A-list of the patients. Because I will tell you, I’ve
been with him for 10 years and I can promise you this, if I ever have an
after-hour question or whatever, he calls me back so fast, you can’t believe
it. It’s not just so that I will get that service in return. I like being the
only person out of a thousand patients that send him a card.
Tara: I just wrote down, I’m sending a gift to my doctor. [laughs]
Paul: Good.
Tara: I’m totally doing that. Just to appreciate him. He’s always there. I
think that we forget about those people. Even as simple as I told you,
pre-COVID. I go into the bank, every time I go to make a deposit, I don’t
always do it on my phone. It takes a little bit longer and it’s annoying but
guess what, I’ve gotten eight referrals from my bank in the last year and a
half. Is it worth going driving there which, and getting out parking my car,
instead of just going through the drive-thru?
I don’t drink coffee but if I did, I’d be doing the
same thing. I make sure that barista and Starbucks or wherever you go, knows my
name. I do that at my pharmacy too. I always walk in, pre-COVID. [chuckles]
Paul: I’m sorry to ask the question-
Tara: Ask whatever you
Paul: Well, you may have answered it five times in this interview alone, but
I have to ask it again. That is, now I’m going to the bank instead of making
the deposit online, which is a little more efficient for me, I’m going to go
into the bank. I’m going to go in the bank because it’s more person-to-person
contact and you’ve said you’ve gotten eight referrals from the bank. I go into
the bank, I don’t get any referrals. I need to know what’s happening in the
bank.
Tara: I can tell you, Vince is a gay man and just found new love and he’s
super excited and he has a new dog. I can tell you that Rose is somebody who
loves my nana and she’s a grandmother of eight, and her youngest one was just
born. I can tell you that Laura, that was the new person that just came in, and
she moved here from Kansas. She’s a good old Southern girl, and she loves Southern
food and gave her some recommendations. I can go on and on. It just comes down
to the fourth and final conversations.
Paul: Now you’ve proven to me that you know them, you care about them, they
are going to know that. Now, how do I
get the referral from them? Where’s the bridge?
Tara: The bridge usually, and honestly, I’m usually not asking that much.
Sometimes it’ll usually just come naturally, however, I have been a little more
purposeful at the bank. When I sit down with them, sometimes I’ll just say,
“I just wanted to say that I just appreciate you very much. Thank you for
always taking care of me.” Because they’re really amazing there, and it’s
a small community bank. My financial advisor is so mad that I won’t leave this
baby bank because it’s the worst website, the worst app. I won’t leave, I just
won’t leave. Nobody’s going to give me the service that they give me.
Asking them, “Who do you know?” It’s a
simple question that we always ask, “Who do you know that’s looking to
buy, sell or invest in real estate that I could help?” Or it’s the chosen
one conversation, but the chosen one isn’t one of those things that I will just
walk by you in passing and say that or while you’re counting money for me, I’m
not going to say that, because that’s a lot. I feel like that’s more intimate
if I’m sitting down with you and having a conversation like at the bank. Does
that make sense?
Paul: Totally. I really, really appreciate you sharing all that you’ve shared
with us today. One homework assignment that I have for you. You get your own
homework assignments but one of the things that we always do on Real Estate
Rockstars is we always provide a gift from the person that we interview, I
wonder what do you think would make a great gift? Is that something you want to
think about or maybe it’s the chosen one script and maybe your vendor for
follow-up? What’s a good-
Tara: A gift for me to give?
Paul: Yes, so that we can post that. A digital gift, it could be a few
scripts.
Tara: I will share because we’re not successful unless we take care of
ourselves first. One of the things that I’ve really perfected and I’ve been
teaching to a lot lately has been so fun has been the nightly routine, the
ritual. I’m really big about rituals, that set me up for success, and it’s called
Sweet Dreams. It is a full breakdown of an entire ritual that has completely
changed my life. It changed my business. It’s changed my relationships. It’s
saved me money. It’s saved me time and energy. It’s just made me a better
person.
Now we’re teaching hundreds of people right now. We’re
actually in the middle of our second series teaching it right now and I’ll just
share that list with you.
Paul: I love it. You can find us, you can find me at Paul Mark, M-A-R-K,
Morris on Instagram and Facebook. We’ve got, it’s at MsTaraCarter on Instagram.
We can probably follow you. It’s COVID, right? So we got dogs barking.
Tara: Yes. I’m in my bed [chuckles] in Margaritaville.
Paul: I love that. Thank you so much for– I knew that you’d be a phenomenal
interview and I learned a bunch of stuff from you the first time we interviewed
you, I’ve learned a bunch more. I’m going to run out and buy that book and you
can expect that I’ll be sending you stuff as well. Looking forward to staying
in touch. I encourage realtors watching this podcast to follow Tara, follow me.
We’re going to put up items of value that you can use during COVID and beyond.
Tara: I’m excited. Thanks for mingling with me today. That was fun.
Paul: Thanks so much.
Tara: Bye.